Reliable MT4 brokers with $100 lots | Forex Factory

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Reliable MT4 brokers with $100 lots

  • #1
  • First Post: Jan 3, 2009 11:29pm Jan 3, 2009 11:29pm
Hi All,

Besides IBFX, are there any other MT4 brokers out there who have $100 lots?

Any help would be greatly appreciated!
"The market giveth and the market taketh away"
  • #2
  • Jan 4, 2009 1:31am Jan 4, 2009 1:31am
WTF is a $100 Lot?
  • #3
  • Jan 4, 2009 3:32am Jan 4, 2009 3:32am
1 cent per pip
"The market giveth and the market taketh away"
  • #4
  • Jan 4, 2009 3:48am Jan 4, 2009 3:48am
Quoting urbanFX
1 cent per pip
1 cent per pip is a micro lot i.e $1000 lot.

Check out Alpari, FXCM...

Regards,
Ghous.
I believe . . .
  • #5
  • Jan 4, 2009 4:23am Jan 4, 2009 4:23am
Quoting ghous
1 cent per pip is a micro lot i.e $1000 lot.

Check out Alpari, FXCM...

Regards,
Ghous.
Forgive me, I am new to this, but as far as I know IBFX's micro account is actually 1/10 of alpari's, fxcm etc.

1 pip with IBFX is 1 cent, whereas 1 pip with Alpari is 10 cents? I have a 'micro' account with IBFX and Alpari and the pip values are most definitely different by 1/10
"The market giveth and the market taketh away"
  • #6
  • Jan 4, 2009 5:46am Jan 4, 2009 5:46am
Quoting urbanFX
Forgive me, I am new to this, but as far as I know IBFX's micro account is actually 1/10 of alpari's, fxcm etc.

1 pip with IBFX is 1 cent, whereas 1 pip with Alpari is 10 cents? I have a 'micro' account with IBFX and Alpari and the pip values are most definitely different by 1/10
I think $100 lot sizes do exist, they are called "nano lots" although I'm not sure who offers them...maybe try a Google search.
  • #7
  • Jan 4, 2009 9:22am Jan 4, 2009 9:22am
I can only think of Oanda. You can trade any size you want. 1 penny per pip.
  • #8
  • Jan 4, 2009 9:31am Jan 4, 2009 9:31am
Quoting urbanFX
Forgive me, I am new to this, but as far as I know IBFX's micro account is actually 1/10 of alpari's, fxcm etc.

1 pip with IBFX is 1 cent, whereas 1 pip with Alpari is 10 cents? I have a 'micro' account with IBFX and Alpari and the pip values are most definitely different by 1/10
No need for apologies...

This is copy paste from Alpari:

Quote
"We are now offering the possibility to trade micro lots.
Minimum contract size for all trading accounts (demo and live) is 0.01 of a lot (1,000 units of base currency). This option is enabled on all accounts and there is no need to change anything in your client terminal."

You're probably confused with the micro and mini thing.


A standard lot "which forms the medium hence the name standard" is 100,000 units of base currency and $10 per pip



A mini lot is next to this and offers 10,000 units of base currency and $1 per pip (0.1 of a standard lot)


A micro lot is next which offers 1000 units of base currency and $0.1 per pip (0.01 of a standard lot)


When you say a micro lot it HAS to mean 1000 units of base currency.


Abt your query regarding the comparison between the two brokers's account types, you're probably comparing mini with micro, that's all.



Regards,
Ghous.
I believe . . .
  • #9
  • Jan 4, 2009 9:33am Jan 4, 2009 9:33am
Quoting TC East
I think $100 lot sizes do exist, they are called "nano lots" although I'm not sure who offers them...maybe try a Google search.
Yes they do exist, but he (Urbanfx) was referring to a 1 cent per pip account which has to be a micro.

Regards,
Ghous.
I believe . . .
  • #10
  • Jan 4, 2009 9:39am Jan 4, 2009 9:39am
Quoting ghous
1 cent per pip is a micro lot i.e $1000 lot.

Regards,
Ghous.
A micro lot has a 10 cent value per pip not 1 cent.

For a 1 cent pip you need nano lots which you get by entering .01 lots with an IBFX mini account.
  • #11
  • Jan 4, 2009 9:49am Jan 4, 2009 9:49am
Quoting nvwine
A micro lot has a 10 cent value per pip not 1 cent.

For a 1 cent pip you need nano lots which you get by entering .01 lots with an IBFX mini account.
What I meant was that the 1c per pip trade is easily achievable via a micro account with an mt4 broker...
I believe . . .
  • #12
  • Jan 4, 2009 9:54am Jan 4, 2009 9:54am
Quoting nvwine
A micro lot has a 10 cent value per pip not 1 cent.

For a 1 cent pip you need nano lots which you get by entering .01 lots .......
This is correct.

Nowadays we have terms for really small lot sizes (mini, micro, nano)
for brokers willing to offer this level of lot size flexibilty.

There are occasions where this could be of value in a strategy where
an exact amount of currency was to be delt against another.

Banks are accepting smaller and smaller deal sizes these days.

I think some of the "nanolot" domain addresses are still available thru internic.

Who'll be the first company to specialize in nanolots?

And since "bucket" will be too large of a container, will these shops be called "dixie-cups" ?

Food for thought, although not very appetizing.
  • #13
  • Jan 4, 2009 9:59am Jan 4, 2009 9:59am
Quoting ghous
What I meant was that the 1c per pip trade is easily achievable via a micro account with an mt4 broker...
Maybe we are just comparing apples and oranges. I don't know of any MT4 NFA broker besides IBFX that allows you to trade 100 dollar lots with a 1 cent pip value and that can only be done on an IBFX mini account. I think I remember someone on TSD saying LiteForex also allowed it. I reccomend careful evaluation first.
  • #14
  • Jan 4, 2009 10:10am Jan 4, 2009 10:10am
Quoting toshi
This is correct.

Nowadays we have terms for really small lot sizes (mini, micro, nano)
for brokers willing to offer this level of lot size flexibilty.

There are occasions where this could be of value in a strategy where
an exact amount of currency was to be delt against another.

Banks are accepting smaller and smaller deal sizes these days.

I think some of the "nanolot" domain addresses are still available thru internic.

Who'll be the first company to specialize in nanolots?

[b]And since "bucket" will be too large of a container,...
...
I believe . . .
  • #15
  • Jan 4, 2009 2:07pm Jan 4, 2009 2:07pm
Quoting sed34
I can only think of Oanda. You can trade any size you want. 1 penny per pip.
I trade with Oanda. And you CAN trade any size you want. In fact you can trade 1 unit. ($, Eur, Yen, etc.)
Basically you would need a 100 pip move to make a 1 penny difference to your account. It's kinda like "Live Demo".
  • #16
  • Jan 4, 2009 3:56pm Jan 4, 2009 3:56pm
im pretty sure ibfx is the only reputable one that offers it.

Ghous you are wrong other brokers have 10cent not 1cent
Grabbing the bull by the horns!
  • #17
  • Jan 5, 2009 2:25am Jan 5, 2009 2:25am
Quoting whitegoodman
im pretty sure ibfx is the only reputable one that offers it.

Ghous you are wrong other brokers have 10cent not 1cent
frankly can you not open a trade with 0.1 of a micro lot on FXCm and Alpari??
I believe . . .
  • #18
  • Jan 5, 2009 4:15am Jan 5, 2009 4:15am
Quoting ghous
frankly can you not open a trade with 0.1 of a micro lot on FXCm and Alpari??
Sure you can, however 0.1 at Alpari is 10 times bigger than 0.1 with IBFX.
"The market giveth and the market taketh away"
  • #19
  • Last Post: Jan 9, 2009 10:00pm Jan 9, 2009 10:00pm
Quoting urbanFX
Sure you can, however 0.1 at Alpari is 10 times bigger than 0.1 with IBFX.
Alpari micro is 1 pip = 10cent. You should try liteforex, FxOpen or Instaforex. These MT4 brokers have nano lots. 1 pip = 1 cent.
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